Guinness-backed hedge firm debuts alternatives fund

Reuters India – Hedge fund firm 47 Degrees North has launched a portfolio that will invest in funds in areas such as electricity, transportation and volatility arbitrage as it seeks fresh ways to sidestep falls in traditional markets.

The firm, which is part-owned by Iveagh, the investment office of the super-rich Guinness family, said the 47 Degrees North Innovation fund will invest in 20-to-25 funds in non-traditional areas that will also include insurance-linked securities and Middle East and North African equities.

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